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8 April 2025 00:15 PM Edita to pay EGP 800m dividends for 2024

Cairo – Mubasher: The ordinary general meeting (OGM) of Edita Food Industries approved cash dividends of EGP 800.10 million for 2024. Edita will pay out a dividend of EGP 1.14 per share over two installments, according to a bourse filing. The …

General Assembly

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27 March 2025 11:17 AM Juhayna sees 168% higher consolidated profits in 2024

Cairo – Mubasher: The consolidated net profits of Juhayna Food Industries surged by 168% year-on-year (YoY) to EGP 2.73 billion in 2024 from EGP 1.02 billion. Net sales hiked by 56% to EGP 24.30 billion last year from EGP 15.53 billion in 2023, …

Financial Results

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6 March 2025 10:16 AM Domty’s consolidated sales exceed EGP 9.2bn in 2024; dividends recommended

Cairo – Mubasher: Arabian Food Industries Company (Domty) logged consolidated net profits after tax worth EGP 501.17 million in 2024, up from EGP 454.43 million in 2023, according to financial results. Earnings per share (EPS) climbed to EGP 1.44 …

Financial Results

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3 March 2025 10:55 AM Delta Sugar’s net profits drop 21% in 2024

Cairo – Mubasher: Delta Sugar registered EGP 1.26 billion in net profit to EGP 1.26 billion as of 31 December 2024, down 21% year-on-year (YoY) from EGP 1.59 billion. Revenues plummeted by 33% YoY to EGP 4.70 billion in 2024 from EGP 7.02 billion, …

Financial Results

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24 February 2025 05:26 PM Juhayna secures EGP 1bn financing from Emirates NBD-Egypt

Cairo – Mubasher: Juhayna Food Industries penned a financing agreement exceeding EGP 1 billion with Emirates NBD-Egypt, a subsidiary of DFM-listed Emirates NBD. The EGX-listed company will use the facility to boost its working capital, support …

Banking and Finance

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25 November 2024 11:39 AM Juhayna merges 4 companies to expand business

Cairo – Mubasher: The board members of Juhayna Food Industries approved the merger of four companies into its business, according to a bourse disclosure. ELmasreya for Dairy Products Company, Eldawleya Modern Food Industries Company, Egyptian Food …

Board of Directors

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19 November 2024 10:32 AM Panda’s sales cross EGP 2bn in 9M-24; consolidated profits leap

Cairo – Mubasher: The Arab Dairy Products Company (Panda) logged consolidated net profits after tax worth EGP 143.14 million in the first nine months (9M) of 2024, versus EGP 92.91 million in 9M-23. The company’s sales reached EGP 2.16 billion as …

Financial Results

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18 November 2024 01:28 PM Juhayna’s sales exceed EGP 18.3bn in 9M-24; profits leap 197% in Q3

Cairo – Mubasher: Juhayna Food Industries registered higher consolidated net profits at EGP 2.42 billion in the first nine months (9M) of 2024, compared to EGP 878.93 million in 9M-23. Sales hit EGP 18.33 billion as of 30 September 2024, up …

Financial Results

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14 November 2024 08:21 AM Eastern Company records 162% higher net revenues in Q1-24/25

Cairo – Mubasher: Eastern Company generated net profits amounting to EGP 1.82 billion in the first quarter (Q1) of fiscal year (FY) 2024/2025, up 62% from EGP 1.12 billion in Q1-23/24. Total revenues before tax amounted to EGP 23.91 billion in …

Financial Results

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23 October 2024 00:55 PM Delta Sugar posts EGP 1.1bn profits in 9M-24

Cairo – Mubasher: Delta Sugar generated net profits valued at EGP 1.16 billion in the first nine months (9M) of 2024, marking an annual drop from EGP 2.02 billion. The company reported sales amounting to EGP 2.18 billion as of 30 September 2024, …

Financial Results

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17 October 2024 10:48 AM Domty receives EGP 8.8bn acquisition offer

Cairo – Mubasher: Yehia ben Mohamed ben Awad Benladin, Expedition Investments, and International Dairy Investment and Trevi Holding, majority shareholders of Arabian Food Industries Company (Domty), received a non-binding offer from Arla Foods …

Mergers and Acquisitions

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16 October 2024 10:59 AM Edita’s board greenlights 2023 dividends, sale deal

Cairo – Mubasher: The board members of Edita Food Industries agreed to sell used spare parts, to Morocco-based Edita for an amount of EGP 419,960, according to a bourse filing. The board also greenlighted cash dividends valued at EGP 400 million …

Companies Investments

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15 October 2024 08:27 AM Obour Land records over EGP 721.5m consolidated profits in 9M-24

Cairo – Mubasher: The consolidated net profits after tax of Obour Land for Food Industries stood at EGP 721.63 million in the first nine months (9M) of 2024, versus EGP 307.66 million. The company reported sales amounting to EGP 6.67 billion as of …

Financial Results

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15 September 2024 08:45 AM Quantum Investment hikes shareholding in Edita for EGP 184m

Cairo – Mubasher: Quantum Investment B.V. raised its 44.07% stake in Edita Food Industries to 45.01% at a value of EGP 184.14 million. Quantum Investment purchased 6.63 million shares in the EGX-listed firm at an average price of EGP 27.75 per …

Companies Investments

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2 September 2024 01:57 PM Eastern Company’s pretax net profit nears EGP 11.5bn in FY23/24; dividends proposed

Cairo – Mubasher: Eastern Company achieved a 17% growth to EGP 11.46 billion in net profit before tax during fiscal year (FY) 2023/2024, which ended on 30 June 2024, compared to EGP 9.76 billion in FY22/23. Net revenues increased by 15% to EGP …

Financial Results

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22 August 2024 10:50 AM Panda’s consolidated profits up in H1-24; sales hit EGP 1.4bn

Cairo – Mubasher: The Arab Dairy Products Company (Arab Dairy – Panda) generated EGP 103.30 million in consolidated net profit during the first half (H1) of 2024, an annual rise hike from EGP 50.60 million. The sales amounted to EGP 1.44 billion …

Financial Results

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13 August 2024 08:28 AM Juhayna’s consolidated profits leap 166% in H1-24

Cairo – Mubasher: Juhayna Food Industries posted consolidated net profits valued at EGP 1.48 billion in the first half (H1) of 2024, higher by 166% than EGP 556.43 million in H1-23. Net revenues amounted to EGP 11.47 billion in H1-24, up 69% …

Financial Results

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31 July 2024 08:36 AM Delta Sugar’s net profit fall due to increased expenses

Cairo – Mubasher: The net profits after tax of Delta Sugar shrank by 14% year-on-year (YoY) to EGP 940.04 million in the first half (H1) of 2024 from EGP 1.08 billion. Revenues amounted to EGP 2.45 billion in the January-June 2024 period, an …

Financial Results

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22 July 2024 01:06 PM Obour Land’s consolidated profits leap in H1-24; sales exceed EGP 3.8bn

Cairo – Mubasher: Obour Land for Food Industries posted year-on-year (YoY) higher consolidated net profits at EGP 422.91 million in the first half (H1) of 2024, versus EGP 212.08 million, according to the financial statements. Basic and diluted …

Financial Results

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26 June 2024 10:41 AM Obour Land rolls out investments, expansion plans for 2024

Cairo – Mubasher: Obour Land for Food Industries plans to inject investments to expand dairy production capacity and establish a new processed cheese factory at a value of EGP 350 million. The company also aims to develop a livestock farm to raise …

Companies Investments

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9 June 2024 10:28 AM Juhayna Food Industries inks EGP 450m credit facility with HSBC

Cairo – Mubasher: Juhayna Food Industries has signed a credit facility worth EGP 450 million with HSBC, renewing a working capital financing agreement. Signed in November 2023, the credit facilities include a package of benefits by the bank linked …

Banking and Finance

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2 June 2024 02:59 PM Juhayna's consolidated profit jumps to EGP 479m in Q1-24

Cairo – Mubasher: The consolidated net profit after tax of Juhayna Food Industries rose to EGP 478.74 million in the first quarter (Q1) of 2024 from EGP 339.41 million. Net sales jumped to EGP 5.75 billion in Q1-24 from EGP 3.42 billion in Q1-23, …

Financial Results

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2 June 2024 00:41 PM Panda achieves EGP 65m consolidated profits in Q1-24

Cairo – Mubasher: The Arab Dairy Products Company (Arab Dairy – Panda) logged consolidated net profit after tax worth EGP 64.86 million in the first quarter (Q1) of 2024. The recorded net profits were compared with EGP 22.11 million in Q1-23, …

Financial Results

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30 May 2024 00:52 PM Eastern Company’s profit shrinks 2% YoY in 9M-23/24

Cairo – Mubasher: Eastern Company posted a 2% year-on-year (YoY) decline in net profit to EGP 5.17 billion during the first nine months (9M) of the fiscal year (FY) of 2023/2024 from EGP 5.29 billion. Net sales declined by 5% YoY to EGP 13.71 …

Financial Results

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27 May 2024 08:51 AM Obour Land achieves EGP 157m consolidated profits in Q1-24

Cairo – Mubasher: Obour Land for Food Industries generated EGP 157.02 million in consolidated net profit after tax during the first quarter (Q1) of 2024, versus EGP 115.16 million in Q1-23. The sales hit EGP 1.74 billion in Q1-24, up year-on-year …

Financial Results